Blog

A Look Back At The Markets In May And Ahead To June 2020

Last week our CIO, Brad McMillan, shared his blog looking back at May and ahead to June. Below, you can find his monthly video update and write-up.

Progress In Coronavirus Pandemic

On Friday, Brad McMillan provided an update on the coronavirus crisis, including the economic and market implications. Last week was another good week in terms of controlling the virus, with the daily spread rate dropping to less than 2 percent for five days in a row.

A Look Back At The Markets In April And Ahead To May 2020

This week our CIO, Brad McMillan, shared his blog looking back at April and ahead to May. He also released a video sharing his market thoughts for this month which we included at the bottom of this blog. We hope you find this helpful in staying informed about everything going on in the economy. The best of times. April was the month that stock markets rallied after an unprecedented drawdown.

Retirement Account 2020 Rules Changes

For many Americans, the novel coronavirus (COVID-19) pandemic has resulted in an immediate need for funds that can provide financial stability. In response, lawmakers have lessened financial burdens through stimulus legislation that includes several temporary rule changes to retirement account withdrawals.

Coronavirus Update - April 24, 2020

Today, we want to share with you another update from Commonwealth's CIO, Brad McMillan. We’ve seen significant progress in terms of the virus, with the daily case growth rate dropping below 4 percent for several days in a row.

Coronavirus Update - April 17, 2020

Today, we want to share with you another update from Commonwealth's CIO, Brad McMillan. In today's video, Brad provides an update on the coronavirus crisis, including its effects on the economy and markets.

Coronavirus Update

On Friday, Commonwealth's CIO provided an update on the coronavirus crisis, including how it has affected the economy and financial markets thus far. While case counts have gone up, the growth rate (a better indicator) has started to trend down in the U.S.

Congress Steps Up for the Economy

The Fed stepped up early and hard for the coronavirus crisis. It cut interest rates essentially to zero. It eased restrictions on banks to enable faster and more business lending. Plus, the Fed has taken unlimited measures to support the financial system as a whole, restarting programs from the last crisis to purchase bonds and inject money into the system.

The 2020 Stock Market Volatility

In early March, we saw markets drop worldwide. In fact, the 7.5 percent decline on March 9—which, coincidentally, happens to be the 11th anniversary of the bull market—was the largest since 2008. With a total decline of almost 19 percent, in less than a month, this certainly looks like a crash—doesn’t it?

The Coronavirus and Your Investments

Last week was one of the worst in history for the stock market. With the Dow and S&P 500 now down more than 15 percent from recent highs (of only weeks ago!), fears are rising that this pullback might be the precursor to another crisis.